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Rudy Talks 1099 vs W2 Pool Service Technicians

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Manage episode 432018651 series 2970072
Inhoud geleverd door Rudy Stankowitz. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Rudy Stankowitz of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.

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I'm a Pool Guy, Dammit! I'm not a Labor Law Attorney...The conversation discusses whether employees should be classified as W-2 employees or 1099 contractors. The Department of Labor has introduced a new final rule that outlines the criteria for determining worker classification. The rule focuses on factors such as the nature and degree of control over the work, the worker's opportunity for profit or loss, the skill required for the work, the permanence of the work relationship, and whether the work is part of an integrated unit of production. The conversation explores the benefits and drawbacks of classifying workers as W-2 employees or 1099 contractors, as well as the steps businesses can take to ensure compliance with the Department of Labor's rule.

keywords

W-2 employees, 1099 contractors, worker classification, Department of Labor, final rule, economic realities test, benefits, drawbacks, compliance

takeaways

  • The Department of Labor has introduced a new final rule that outlines the criteria for determining worker classification.
  • The rule focuses on factors such as the nature and degree of control over the work and the worker's opportunity for profit or loss.
  • Classifying workers as W-2 employees provides job security, access to benefits, and greater control over work, but comes with higher costs and administrative burdens.
  • Classifying workers as 1099 contractors offers cost savings, flexibility, and autonomy, but lacks job security, benefits, and control.
  • Businesses should conduct thorough reviews of worker classifications, implement proper contracts and agreements, maintain clear communication and documentation, and provide training and education to ensure compliance with the Department of Labor's rule.

titles

  • Worker Classification: W-2 Employees vs. 1099 Contractors
  • Benefits and Drawbacks of Classifying Workers as W-2 Employees

Sound Bites

  • "The Department of Labor's new final rule aims to simplify and clarify the criteria for determining a worker's status as an independent contractor or an employee."
  • "Employees classified as W-2 also have access to benefits that independent contractors do not typically receive."
  • "Classifying workers as 1099 independent contract
AquaStar Pool Products
The Global Leader in Safety, Dependability, & Innovation in Pool Technology.
POOL MAGAZINE
Pool Magazine is leading up to the minute news source for Swimming Pool News and Pool Features. Ou
BLUERAY XL
The real mineral purifier! Reduce your pool maintenance costs & efforts by 50%
Jack's Magic
If you know Jack's you'd have no stains!
Raypak
Raypak, leading the evolution of environmental efficiency and sustainability in pool heaters.
Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.
Support the show

Thank you so much for listening! You can find us on social media:

Email us: talkingpools@gmail.com

  continue reading

635 afleveringen

Artwork
iconDelen
 
Manage episode 432018651 series 2970072
Inhoud geleverd door Rudy Stankowitz. Alle podcastinhoud, inclusief afleveringen, afbeeldingen en podcastbeschrijvingen, wordt rechtstreeks geüpload en geleverd door Rudy Stankowitz of hun podcastplatformpartner. Als u denkt dat iemand uw auteursrechtelijk beschermde werk zonder uw toestemming gebruikt, kunt u het hier beschreven proces https://nl.player.fm/legal volgen.

Send us a text

I'm a Pool Guy, Dammit! I'm not a Labor Law Attorney...The conversation discusses whether employees should be classified as W-2 employees or 1099 contractors. The Department of Labor has introduced a new final rule that outlines the criteria for determining worker classification. The rule focuses on factors such as the nature and degree of control over the work, the worker's opportunity for profit or loss, the skill required for the work, the permanence of the work relationship, and whether the work is part of an integrated unit of production. The conversation explores the benefits and drawbacks of classifying workers as W-2 employees or 1099 contractors, as well as the steps businesses can take to ensure compliance with the Department of Labor's rule.

keywords

W-2 employees, 1099 contractors, worker classification, Department of Labor, final rule, economic realities test, benefits, drawbacks, compliance

takeaways

  • The Department of Labor has introduced a new final rule that outlines the criteria for determining worker classification.
  • The rule focuses on factors such as the nature and degree of control over the work and the worker's opportunity for profit or loss.
  • Classifying workers as W-2 employees provides job security, access to benefits, and greater control over work, but comes with higher costs and administrative burdens.
  • Classifying workers as 1099 contractors offers cost savings, flexibility, and autonomy, but lacks job security, benefits, and control.
  • Businesses should conduct thorough reviews of worker classifications, implement proper contracts and agreements, maintain clear communication and documentation, and provide training and education to ensure compliance with the Department of Labor's rule.

titles

  • Worker Classification: W-2 Employees vs. 1099 Contractors
  • Benefits and Drawbacks of Classifying Workers as W-2 Employees

Sound Bites

  • "The Department of Labor's new final rule aims to simplify and clarify the criteria for determining a worker's status as an independent contractor or an employee."
  • "Employees classified as W-2 also have access to benefits that independent contractors do not typically receive."
  • "Classifying workers as 1099 independent contract
AquaStar Pool Products
The Global Leader in Safety, Dependability, & Innovation in Pool Technology.
POOL MAGAZINE
Pool Magazine is leading up to the minute news source for Swimming Pool News and Pool Features. Ou
BLUERAY XL
The real mineral purifier! Reduce your pool maintenance costs & efforts by 50%
Jack's Magic
If you know Jack's you'd have no stains!
Raypak
Raypak, leading the evolution of environmental efficiency and sustainability in pool heaters.
Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.
Support the show

Thank you so much for listening! You can find us on social media:

Email us: talkingpools@gmail.com

  continue reading

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